Federal Reserve

The Federal Reserve started a rate-cutting cycle on Sept. 18, 2025, lowering its benchmark interest rate by 50 basis points (bps) to a range of 4.75% to 5%. The cut was the first since March 2020 after the Fed raised interest rates to a 23-year high point to cool the economy and quell inflation. The Fed cut rates two more times in 2024, each by 25 basis points. It has not cut interest rates so far in 2025.

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Recession to End in 2009, Unemployment to Rise: Report 

Apr 10, 2009By

The U.S. economy is on track to emerge from recession in the second half of 2009 as consumer spending and the housing sector make a come-back, according to a Blue Chip Economic Indicators Survey released Friday. The survey of private economists showed that 86 percent of respondents believed the economic downturn would be declared as over in the second half of the year, according to a report by Reuters. However, the survey also predicted a continued rise in unemployment lasting well into 2010.

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